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The Taiwanese electronics giant Foxconn was reported to have reached a panel screen supply agreement with American electric car maker Tesla, cited a Economics Daily report published on Thursday.

Innolux, a Foxconn subsidiary and the second largest car panel screen maker in the world, was said to on course to provide Tesla cars, such as Model S, with 17-inch screens. The company's sales for 2013 was expected to reach 14 million pieces and its products could be found on BMW, Porsche, Jaguar, and Ford cars.

According to the report, Guo Taiming, chief executive officer of Foxconn, met Tesla's founder and CEO Elon Musk during his trip to the U.S. at the end of 2013, and was said to have settled the deal back then, however a spokesperson for Foxconn refused to comment on the issue.

Guo, who has been a keen fan of the automotive industry and put car electronics among Foxconn's future seven priorities, said previously that the company was considering setting up panel screen plants in the U.S., a move that was deemed by some to cater Tesla's increasing demand, as multiple states are competing to win the contract.

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